CDMO (CDMO) Correlation Distribution
Across 6,803 rolling correlation observations between CDMO (CDMO) and other NASDAQ-listed stocks, 74.2% are positive and 25.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.282, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 14.9% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,803
- Mean correlation
- 0.282
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.2%
- Strong positive (≥0.7)
- 14.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 64 | 0.9% | |
| -0.8 to -0.7 | 63 | 0.9% | |
| -0.7 to -0.6 | 105 | 1.5% | |
| -0.6 to -0.5 | 105 | 1.5% | |
| -0.5 to -0.4 | 248 | 3.6% | |
| -0.4 to -0.3 | 248 | 3.6% | |
| -0.3 to -0.2 | 298 | 4.4% | |
| -0.2 to -0.1 | 297 | 4.4% | |
| -0.1 to 0.0 | 327 | 4.8% | |
| 0.0 to 0.1 | 327 | 4.8% | |
| 0.1 to 0.2 | 412 | 6.1% | |
| 0.2 to 0.3 | 411 | 6.0% | |
| 0.3 to 0.4 | 600 | 8.8% | |
| 0.4 to 0.5 | 600 | 8.8% | |
| 0.5 to 0.6 | 844 | 12.4% | |
| 0.6 to 0.7 | 843 | 12.4% | |
| 0.7 to 0.8 | 503 | 7.4% | |
| 0.8 to 0.9 | 503 | 7.4% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of CDMO?
CDMO (CDMO) has an average correlation of about 0.282 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is CDMO positively correlated with other stocks?
Mostly yes — 74.2% of pairs are positive and 25.8% are negative. Strong positive correlations (≥0.7) make up 14.9%.
What is the most common correlation range for CDMO?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30.5% of all pairs.
Explore the full interactive correlation distribution for CDMO.
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